Business: MOP's No. 23

Twenty-two times have the Van Sweringen brothers of Cleveland drafted and printed a plan for the reorganization of their insolvent $661,000,000 Missouri Pacific Railroad. Each time creditors, bond holders or stockholders have knocked it flat. Last week RFChairman Jesse Jones, who has loaned MOP $23,000,000. declared he did not believe the Van Sweringens would put forward another unworkable proposal. But when Plan No. 23 was filed with the Interstate Commerce Committee last week, MOP's other creditors were less confident than Mr. Jones of its ultimate success.

Hugely complicated, the new plan would consolidate MOP...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!